Commercial (Share 16%) and residential (share 50%) fields in Nicosia

Key facts

About this property

All offers must exceed the Reserve Price." Shared ownership of two (2) adjacent development fields with a total land area of 13,517sq.m., located in the Agioi Konstantinos and Eleni Quarter of Nicosia Municipality and district. Location: Situated within Nicosia Municipality, positioned approximately 200 meters from Alsos Academia’s Park and 400 meters from the BMH Military Barracks. Property Highlights: • Total Combined Area: 13,517 sq.m. • Ownership Shares: o 16% share of a commercial field. o 50% share of a mixed commercial and residential field. • Road Frontage: Access via two registered roads providing a total combined frontage of approximately 245m • Zoning Specifications (Parcel title deed of approx. 6,168 sq.m.): o Zone Κα3 (100%): - Max. Density: 140% - Max. Coverage: 50% - Max. Height: 17m / 4 Floors • Zoning Specifications (Parcel title deed of approx. 7,349 sq.m.): o Zone Κα3 (56% Portion): - Max. Density: 140% - Max. Coverage: 50% - Max. Height: 17m / 4 Floors o Zone Εβ2 (44% Portion): - Max. Density: 180% - Max. Coverage: 50% - Max. Height: 31m / 8 Floors There is a Distribution Agreement in place.